Equipment Asset Management (aka Annual Inventory) helps ensure that UCLA-owned or UCLA-custodied equipment is properly recorded, tracked, safeguarded, and maintained in compliance with University policy. At UCLA, inventorial equipment generally includes tangible, non-consumable items with a total acquisition cost of $5,000 or more (including tax, installation, and freight/shipping charge) and a useful life of at least one year. These assets are tracked through the Asset Management System (AMS), which supports equipment records, inventories, transfers, loans, and disposals. 

Within Semel Finance, equipment asset management includes supporting departments with inventory oversight, location, and user updates, annual or periodic physical inventory certification, and proper processing when equipment is transferred, loaned, lost, stolen, or disposed of. Our goal is to help Centers/Division maintain accurate records, protect University assets, and stay aligned with UCLA and UC requirements for equipment stewardship and accountability.